Business
Why Nvidia’s Huge Numbers Don’t Settle the Latest AI Fears
Nvidia NVDA -4.16%decrease; red down pointing triangle now makes more revenue in a single quarter than most other chip companies generate in an entire year. In a turbulent market awash in a new class of AI fears, that’s no longer enough.
The chip maker’s fiscal fourth-quarter results Wednesday showed why the company remains the undisputed leader in artificial-intelligence computing. Revenue of $68.1 billion was up 73% from the same period a year earlier and represented the company’s best growth rate in four quarters. Nvidia projected an even higher growth rate for the current quarter, and that forecast actually beat Wall Street’s consensus target by the widest range in two years, according to FactSet data.
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